Ethereum’s founder Vitalik Buterin is in our ethereum news today for making a generous donation of 1,000 ETH tokens to three separate startups that that work on the ethereum ecosystem.
The donation is worth somewhere about $324,000 to three startups: Prysmatic Labs, Sigma Prime, and ChainSafe Systems.
All of the three startups were given tokens by Buterin as a ‘’contribution to push the development of Ethereum 2.0.’’ For example, Sigma Prime is working on developing Lighthouse which is an Ethereum 2.0 client, Prysmatic Labs are focused on improving the scalability of the overall Ethereum network, and, ChainSafe is also working on the development of Ethereum 2.0.
Buterin was inspired to donate after a discussion opened on Twitter where a couple of Ethereum developers complained about the lack of funding for projects. This has led the developers to slow down their work and even slow down the pace of the development process.
One of the founders of Prysmatic Labs, Preston Van Lon who works as an engineer at Google, pointed out that his team received grants in the past but they weren’t enough for the entire team so they had to make cuts.
‘’Our biggest distraction at prylabs is that we are still working full time for other jobs. Even with recent grants, it’s hardly enough to take the whole team full time with significant pay cuts and it’s certainly not even for us to scale the team to where we need it.’’
The team of Prysmatic Labs is full of blockchain developers who are working together to solve the scalability problem of Ethereum. They want to implement a Sharding client for Ethereum 2.0.
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